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Council reviews $20 million in Housing Trust Fund recommendations, debates cost-per-unit and shelter plan
Summary
City staff recommended advancing eight Housing Trust Fund proposals (rental, homeownership and supportive housing) totaling just under $20 million from the city—s $100 million bond; council members praised some projects but pressed staff for more leverage details, asked for evidence of private operational commitments for a proposed county hotel conversion shelter, and flagged high per-unit investments.
City staff presented eight recommendations for the Housing Trust Fund Tuesday and asked the council to advance them to the Oct. 27 business meeting for action.
Rebecca Heffner, director of Housing and Neighborhood Services, told the council the second Trust Fund round included three rental housing proposals, three homeownership proposals and two supportive-housing or shelter proposals, with total requests just under $20 million. She said staff aim to balance production, homeownership and supportive services in line with council-adopted bond priorities (economic mobility, neighborhood affordability and residential stability).
Staff recommended approval of all eight proposals and highlighted key details: - Kendall Crossing: a senior 4% LIHTC proposal by the Paces Foundation in District 3; staff negotiated the ask down from $6 million to just under $5 million and the project includes 100 units with 10 reserved for Roof Above—s LINC program for vulnerable seniors. - River District Apartments…
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